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Politics : The Trump Presidency
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To: Wharf Rat who wrote (69691)5/3/2018 3:39:04 PM
From: i-node  Read Replies (1) of 356323
 
>> So investing in US government bonds isn't a real investment?

Requiring, by law, that the only investment be in US government debt, is somewhat presumptuous, is it not? After all, you're trying to create a plan whose most basic objective is to retain financial consistency for multiple average life expectancies end-to-end.

That is, the most basic objective is that at the end of the first lifespan (70-80 years, essentially), it still has sufficient funding to pay benefits required by the next generation. This is the failure. At the end of the first lifespan, SS is out of money.

Had the GWB changes been made -- under which perhaps 8% could have been invested in better paying investments, controlled by the beneficiary, we would have been far better off. But the law doesn't permit it.
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